Business

Market Place

Nicaraguan President Daniel Ortega said his country would sign the 2015 accord that calls for a voluntary reduction in greenhouse gas emissions, according to Nicaraguan newspaper El Nuevo Diario.
“We will soon adhere, we will sign the Paris Agreement,” he said.
Nicaragua reportedly did not initially sign the deal because its leaders believed the agreement did not go far enough in reducing greenhouse emissions, arguing that richer nations should be required to take greater action because they are the ones primarily responsible for the increase in global warming, according to El Nuevo Diario.
“We’re not going to submit because voluntary responsibility is a path to failure,” Paul Oquist, Nicaragua’s climate envoy, said during the Paris talks in 2015.
The agreement commits rich and poor countries to take action to curb man-made greenhouse gases, which 97 percent of scientists who actively study climate change affirm “is a significant contributing factor in changing mean global temperatures.” Numerous studies published in peer-reviewed journals have also consistently shown rising global temperatures to be tied to human activity.
Nicaragua, as a developing nation, does not emit the same greenhouse gas emissions that other, more industrialized countries do. However, the nation that is home to 6 million is one of the most vulnerable to climate change, ranking fourth on the 2017 Global Climate Risk Index.
Nicaragua is also committed to renewable energy, getting more than half its energy from renewable sources. It also has plans to produce up to 90 percent renewable power by 2020.
When announcing his country's decision, Ortega rallied other poorer regions affected by a changing climate.
“We have to be in solidarity with this large number of countries that are the first victims, that are already the victims and are the ones that will continue to suffer the impact of these disasters and that are countries in Africa, Asia, Latin America, of the Caribbean, which are in highly vulnerable areas,” Ortega said, according to El Nuevo Diario.

For more information, refer to the original document by clicking the source.